A man accused of being part of a tax evasion scheme which defrauded the Australian Tax Office previously used a corporate credit card to spend $100,000 on strippers and escorts.

Simon Paul Anquetil, 34, from Sydney's north shore, on Friday became the 10th person to be charged over the $165 million tax scandal which documents before a New South Wales court show involved a complex web of co-conspirators, companies, straw directors and bank accounts.

Mr Anquetil had splashed out $100,000 at strip clubs and escort agencies in Sydney and Melbourne before his alleged involvement in the tax fraud, The Sydney Morning Herald reported.

Simon Paul Anquetil (pictured) reportedly used a corporate credit card to spend $100,000 on strippers and escorts prior to his alleged involvement in a multi-million dollar tax fraud

Mr Anquetil on Friday became the 10th person to be charged over a $165 million tax fraud

The spending came prior to Mr Anquetil's IT company eStrategy Group, of which he was managing director, being placed into liquidation in September 2012. It owed American Express $100,000.

The Sydney Morning Herald reported that in the Federal Court in July 2013, Mr Anquetil came under the scrutiny of Gillis Delaney lawyers senior partner Michael Hayter.

The court action revolved around Mr Anquetil having a 'dummy' director so that he could avoid personal liability for his spending on strippers, the paper reported.

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Mr Anquetil used his American Express corporate card to spend $63,000 over a four-month period in 2011 at the Bada Bing strip club in Sydney's Kings Cross, the court heard.

He also clocked up a bill of $12,000 at the Melbourne escort agency First Ladies of Collins Street in just one day.

Mr Anquetil said he 'wasn't getting anything out of it' when asked 'You seriously think that it's appropriate that you would claim as a company expense $12,000 for one day taking a client to strippers?' and claimed he believed it was pole-dancing involved.

The Federal Court heard in July 2013 Mr Anquetil spent $63,000 over a four-month period in 2011 at the Bada Bing strip club in Sydney's Kings Cross (pictured)

Mr Anquetil also clocked up a bill of $12,000 in just one day at the Melbourne escort agency First Ladies of Collins Street

Mr Anquetil was released on bail on Friday after fronting a court in Sydney, having been charged with conspiracy to defraud the commonwealth

Mr Anquetil on Friday faced Sydney's Central Local Court charged with conspiracy to defraud the commonwealth, the same as his co-accused Adam Cranston, the son of senior tax official Michael Cranston. Mr Anquetil was released on bail.

Mr Anquetil was the former CEO and Chairman of Plutus Payroll Australia - a legitimate company at the centre of a complex web of alleged deception.

Excel spreadsheets allegedly maintained by the daughter of Michael Cranston helped police map out one of the biggest white-collar frauds in Australian history.

Lauren Cranston, 24, allegedly helped control the bank accounts of second-tier companies to which legitimate payroll claims were funnelled from the main company, Plutus Payroll, which belonged to her older brother Adam Cranston.

From a rented office in the Sydney suburb of Miranda it is claimed, Lauren kept records in Excel spreadsheets of the enormous figures allegedly being withheld from the ATO.

Police seized the laptop on which Cranston and fellow accused Devyn Michelle Hammond worked and those spreadsheets have allegedly helped detectives track the flow of money which funded lavish lifestyles including luxury cars, aircraft, properties and jewellery.

Cranston's alleged documentation not only showed where the money flowed but detailed bank accounts and their passwords.

Lauren Cranston (left) allegedly helped control the bank accounts of second-tier companies to which legitimate payroll claims were funnelled from the main company, Plutus Payroll, which belonged to her older brother Adam Cranston (right)

Lauren and Adam Cranston are the children of Michael Cranston (pictured), a senior tax office official. He is due to face court next month. It is not alleged that he had knowledge of the alleged scam

Her brother, 30-year-old Adam, allegedly asked their father for information after the second-tier companies were investigated.

'He is looking into it,' Cranston said in a conversation recorded in late January the court documents show.

'But considering he doesn't know about it [the fraud] it can't be like the biggest thing since Ben Hur.'

Co-accused Dev Menon, a tax lawyer accused of advising the group on how to manage the scam, allegedly commented: 'There is no question this would be the biggest tax fraud.'

A Clamenz Lawyers online profile for Menon, who now faces a charge of conspiring to defraud the commonwealth, describes his years of experience in tax, insolvency and transactional matters.

'His innovative approach to tax is highly reputable throughout the industry and he has been involved in many prominent tax and insolvency matters,' the biography reads.

The AFP allege the group used stolen taxpayer funds to fund their 'lavish lifestyles' (pictured, $1 million in seized cash)

Co-accused Dev Menon (pictured), a tax lawyer, is accused of advising the group on how to manage the scam

As authorities closed in on the alleged racket the co-conspirators began to turn on each other.

On one occasion participants were locked out of bank accounts by one of the so-called 'straw directors' - people paid to act as a front for the second-tier businesses.

Another close call came in the form of an alleged blackmail by journalist Stephen John Barrett who is accused by police of threatening to blow the scam open unless they coughed up $5 million.

Computers and documents were removed from the Miranda office in January.

By February it is claimed the co-conspirators were meeting to discuss avoiding liability.

According to the documents before the court, Menon described two 'fail safes': diverting attention to an accountant or a deceased person allegedly involved in an earlier ATO fraud case.

The Cranston siblings were arrested during raids on Wednesday.

Police believe Michael Cranston, who is due to face court next month, wasn't aware of the conspiracy.